Instant FedNow® Payments for B2B Accounts

Streamline Digital Invoices with Rapid Request for Payment

Efficient Transaction Processing with FedNow®

FedNow® Merchant Accounts: Real-Time Payment Solutions for Businesses

What Are FedNow® Merchant Accounts?

A FedNow® Merchant Account allows businesses to accept instant payments 24/7/365 using the Federal Reserve’s FedNow® payment network. Unlike traditional ACH transfers, credit card payments, or wire transfers, which can take days to process, FedNow® transactions settle within seconds, giving businesses instant access to funds and improving overall cash flow management.

With a FedNow® Merchant Account, businesses can eliminate transaction delays, reduce processing fees, and provide faster, more secure payment experiences for customers and suppliers.

Benefits of a FedNow® Merchant Account

✅ 1. Instant Payment Processing, 24/7/365

• No waiting for bank hours—receive payments instantly, including nights, weekends, and holidays.
• Faster transactions mean improved business cash flow and liquidity.

✅ 2. Lower Fees Compared to Credit Card Processing

• Avoid interchange fees and high processing costs associated with card transactions.
• FedNow® payments are often more affordable than traditional merchant account processing fees.

✅ 3. Secure, Fraud-Proof Transactions

• FedNow® transactions are final and cannot be reversed, reducing chargeback risks.
• Built-in fraud prevention ensures safe and compliant transactions.

✅ 4. Improved Business Relationships

• Instant supplier payments allow businesses to negotiate better terms and early-payment discounts.
• Customers enjoy faster, real-time payment confirmation.

✅ 5. Seamless Integration with Business Systems

• Works with POS systems, invoicing tools, and ERP platforms for seamless payment processing.
• Ideal for e-commerce, retail, and service-based businesses needing instant transactions.

How FedNow® Merchant Accounts Work

1️⃣ A customer or business initiates a payment via the FedNow® network.
2️⃣ The payment is processed in real time, and funds are instantly deposited into the merchant’s account.
3️⃣ Both the sender and recipient receive immediate payment confirmation.
4️⃣ The transaction is final, eliminating chargebacks and delays.

This streamlined approach ensures that businesses receive payments instantly, eliminating the inefficiencies of traditional payment methods.

Who Should Use a FedNow® Merchant Account?

📌 E-commerce Businesses – Accept real-time online payments without relying on credit card networks.
📌 Retail & Brick-and-Mortar Stores – Enable instant checkouts with no waiting periods.
📌 Service-Based Companies – Get paid immediately for completed services.
📌 B2B & Wholesale Transactions – Improve supplier payments and business relationships.
📌 Freelancers & Contractors – Receive instant payments without ACH processing delays.

FedNow® Merchant Accounts vs. Traditional Payment Methods

Feature	FedNow® Merchant Accounts	Credit Card Payments	ACH Transfers	Wire Transfers
Speed	Instant (seconds)	1–3 business days	1–3 business days	Same-day (cutoff restrictions)
Availability	24/7/365	Business hours only	Business hours only	Business hours only
Transaction Fees	Lower than credit cards & wires	2.9% + fees	Low, but slower	High
Settlement Finality	Immediate & irreversible	Can be disputed	Can be reversed	Final
Best For	Retail, B2B, online stores, payroll, vendor payments	Consumer purchases	Recurring batch payments	Large international transactions

How to Open a FedNow® Merchant Account

🔹 Check with Your Payment Provider – Ensure your bank or payment processor supports FedNow® transactions.
🔹 Set Up a FedNow®-Enabled Merchant Account – Activate real-time business payments for instant transactions.
🔹 Integrate FedNow® with Your POS & Payment Systems – Use software like QuickBooks®, Stripe, Square, NetSuite, or SAP for seamless payments.
🔹 Train Your Staff & Customers – Educate employees and customers on using FedNow® for fast, secure transactions.

Upgrade your business with a FedNow® Merchant Account today! Contact us below to enable instant payments and enhance financial efficiency.

Creation Request for Payment Bank File

Enhance Your FedNow Merchant Accounts Payment Requests with FedNow’s ISO 20022 Messaging

Streamline Payments with Advanced Request for Payment Options:

Harness the power of FedNow's Request for Payment system to transform how you manage invoices and remittances. Our platform supports diverse data integration options, allowing payees to incorporate detailed invoice data directly within the RfP message or link to a comprehensive Merchant Page.

Flexible Invoice Details with ISO 20022 Messaging:

Leverage the flexibility of ISO 20022 messaging standards in our RfP system. You can choose to display crucial payment details directly in the message with a concise 140-character description, or through a dynamic "Hyper-Link" leading to a detailed Merchant Page. This Merchant Page can be hosted either on your website or TodayPayments.com/HostedPaymentPage.html through our seamless integration solution.

Customizable Merchant Pages for Enhanced Customer Experience:

Create a Merchant Page that not only details all the MIDs you own but also presents these options attractively to your customers through the RfP. This customization ensures that whether your payer opts for Real-Time Payment, Same-Day ACH, or Card transactions, they can easily navigate and complete their payments through a simple click on the hyperlink provided on your Merchant Page.

Call us today and receive the .csv or .xml FedNow® or Request for Payment (RfP) file you need—all during your very first phone call! We guarantee that our comprehensive reports integrate flawlessly with your bank or credit union. As pioneers in recognizing the benefits of RequestForPayment.com, we have stayed years ahead of our competitors. Although we are not a bank, our role as an "Accounting System" within the Open Banking ecosystem enables us to work with billers to create effective RfP files that seamlessly upload to the biller's online banking platform. U.S. companies rely on our expertise to learn how to deliver the RfP message directly to their bank with precision.


Our advanced solution, Today Payments' ISO 20022 Payment Initiation (PAIN.013), demonstrates how to create a Real-Time Payments Request for Payment file that sends a clear message from the creditor (payee) to its bank. Most financial institutions support the import of messaging and batch files for both FedNow® and Real-Time Payments (RtP), ensuring smooth processing. Once the file is correctly uploaded, the creditor’s bank processes the payment through a secure "Payment Hub"—with The Clearing House serving as the RtP Hub—and relays the message to the debtor's (payer's) bank. This streamlined approach not only accelerates transaction processing but also enhances transparency and reliability for all parties involved.

... easily create Instant Payments RfP files. No risk. Test with your bank and delete "test" files before APPROVAL on your Bank's Online Payments Platform. Today Payments is a leader in the evolution of immediate payments. We were years ahead of competitors recognizing the benefits of Same-Day ACH and Real-Time Payments funding. Our business clients receive faster availability of funds on deposited items and instant notification of items presented for deposit all based on real-time activity. Dedicated to providing superior customer service and industry-leading technology.